TODAY.AZ / Business

US$2.2mn-deal closed at BICEX

08 July 2006 [09:52] - TODAY.AZ
According to the results of the trading sessions in the currency section of the Baku Interbank Currency Exchange (BICEX) on Friday, USD/AZN average weighted rate was AZN 0.8931/$1

BICEX told APA that the opening price of the morning session held in the BEST (Bourse E-system of trades) was AZN 0.8939/$1 and? no interbank deals were closed on USD/AZN T+0 tool and average rate of manat to USD remained unchanged in the end of the session.
Interbank deals closed on USD/AZN T+0 tool in the day session of BEST formed $2.2mn and average rate of manat was AZN 0.8931/$1.

So, as results of the both sessions, volume of BEST equaled $2.2 mn or AZN 1 965 260 on USD/AZN tool.

Each bargain was on average $275 000.

No bargains were closed by dealers on USD/AZN T+1, T+2 and SWAP_USD/AZN tools, because there was no demand for it. No bids on Euro/AZN and Ruble/AZN tools were made by banks.
In the interbank credit market operating within the BEST system BakIBOR index calculated on the basis of bids by banks having the status of market-maker formed 14.48% per annum on manat and 14.24% per annum on US dollar on 90-day tool.

No interbank bargains on credit tools were signed in the whole day.

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